Initial recognition of ppe

Accountancy

For initial recognition of ppe why sir said condition like risk and rewards transfer, ready for intended use. The tangible item is already purchased know, now we have to check the whether it will meet ppe conditions or not.

sitaram kollepara

CA Inter

★ 2K+

01-May-24 19:44

217

Answers (3)

Yes. Also in purchase we need to check whether all risks and rewards have been transferred to us.

CA Suraj Lakhotia

Admin

02-May-24 15:23

Did you get my question?

Thread Starter

sitaram kollepara

CA Inter

★ 2K+

02-May-24 16:31

Thread Starter

sitaram kollepara

Did you get my question?

Yes. or you can add more context.

CA Suraj Lakhotia

Admin

03-May-24 11:09